Residence without an income-earning activity

Crèdit Andorrà Wealth Management - Residence without an income-earning activity

Andorra provides wealthy individuals who are not Andorran citizens with the opportunity to establish their residence in the Principality of Andorra. This is known as “residence without an income-earning activity”. There are several types of residence status, namely:

  • Residence without an income-earning activity.
  • Residence as an internationally recognised professional.
  • Residence for scientific, cultural or sport-related reasons.
  • Residence without employment for study, work placements, sports training courses or research purposes.
  • Residence without employment due to admission in a private geriatric institution or a private medical or therapeutic institution.

The main advantages of residing in Andorra are as follows:

  • Andorra is a country with a high standard of living.
  • There is a high level of safety and high-quality medical and financial services.
  • Very attractive taxation.
  • The procedures for setting up a company are easier for an Andorran resident than for a non-resident.

At Crèdit Andorrà we are readily available to guide our clients through the steps required to obtain the status of residence without an income-earning activity, as well as providing them with advice on wealth planning and investments.